Czech Defence Group CSG Forms JV with EURENCO for Slovak Artillery Propellant Plant
7 Articles
7 Articles
On 4 March 2026, at the Ministry of Defence of the Slovak Republic and in the presence of Slovak Minister of Defence Robert Kaliňák, a joint memorandum was signed between EURENCO, Europe's leader in the production of energy materials and sub-components for ammunition, and ZVS holding, a subsidiary of the Slovak Republic and MSM Group, part of the CSG group....
The Slovak semi-state company ZVS holding from the Czechoslovak Group (CSG) and the French company Eurenco will build a factory in Slovakia for the production of powder charges for artillery ammunition. The investment in the project will reach 300 million euros (7.3 billion crowns). Representatives of both companies announced this on Wednesday...
CSG’s ZVS holding and EURENCO sign agreement to build new artillery charge production plant in Slovakia
The memorandum confirms the completion of key contractual documentation leading to the establishment of the joint venture and the construction of a manufacturing plant for Modular Artillery Charge Systems (MACS). The project also reaffirms the partners’ commitment to continue cooperation in developing new defence industry production capacity in Europe. The facility will be located in the cadastral area of the town of Strážske in eastern Slovakia…
► ZVS holding from the CSG Group and EURENCO establish joint venture in Slovakia to build new MACS artillery propellant charge plant
On 4 March 2026, at the Ministry of Defence of the Slovak Republic and in the presence of the Slovak Minister of Defence, Robert Kaliňák, a joint memorandum was signed between EURENCO and ZVS holding, a joint venture of the Slovak Republic and MSM GROUP, part of the CSG Group. By signing the memorandum, the parties confirmed the conclusion of key contractual documentation leading to the establishment of a joint venture and the construction of a …
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